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The Global Washing Machine Market is projected to grow at a CAGR of around 5.2% CAGR during 2023-28. The growth of the market is projected to be driven primarily by the growing focus of consumers on maintaining hygiene and their increasing inclination toward automated household chores, i.e., demonstrating a higher sale rate for washing machines across different countries worldwide.<br><br>Read More - https://www.marknteladvisors.com/research-library/washing-machine-market.html
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Global Washing Machine Market Growth Study 2023-2028 +1 628 895 8081 sales@marknteladvisors.com www.marknteladvisors.com/
CAGR of 8.69% By Product By Region By Technology By Sales Channel By Capacity By End User
Growth Projection The Global Washing Machine Market is projected to grow at a CAGR of around 5.2% CAGR during 2023-28.
Competitor Companies 01 02 Alliance Laundry Systems Electrolux AB 03 04 GE Appliances The Clorox Company 05 06 LG Electronics Inc Samsung Electronics Co. Ltd. 07 08 Whirlpool Corporation Godrej
Growth Challenges Much High Power Consumption: A Big Concern for Most Consumers: As high power utilization by these machines is a severe concern for many consumers, their sales might register a slow growth pace in a few regions, particularly underdeveloped or rural areas. For instance: leading brands like Reliance Digital, Samsung, and others, have models with power consumptions of over 2000 watts, which might not showcase a decent demand for these machines across all regions and negatively influence the fledged growth of the Global Washing Machine Market during 2023-28.
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